How is the supply of Shiba Coin distributed?

3 answers

• Spencer EppMay 15, 2023 · 2 years ago
  The supply of Shiba Coin is distributed through a process called mining. Miners use powerful computers to solve complex mathematical problems, and when they successfully solve a problem, they are rewarded with newly minted Shiba Coins. This process helps to secure the network and maintain the integrity of the cryptocurrency. The distribution of Shiba Coin is also influenced by market demand and trading activity on various exchanges. As more people buy and sell Shiba Coin, the supply can fluctuate. Additionally, the developers of Shiba Coin may also hold a portion of the supply, which can impact its distribution.
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• Adam OldenkampSep 22, 2021 · 4 years ago
  Shiba Coin's supply distribution is similar to other cryptocurrencies. It is primarily distributed through mining, where miners compete to solve mathematical puzzles and earn new coins as a reward. The more mining power a miner has, the higher their chances of earning Shiba Coins. However, unlike some other cryptocurrencies, Shiba Coin also has a portion of its supply allocated to the developers and early investors. This allocation can impact the distribution of Shiba Coin and potentially influence its price and market dynamics.
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• Handberg BoisenAug 27, 2020 · 5 years ago
  The supply of Shiba Coin is distributed through a combination of mining and token sales. Miners contribute their computational power to the network and are rewarded with newly created Shiba Coins. This process helps to secure the network and ensure the integrity of transactions. In addition to mining, Shiba Coin has also conducted token sales, where a portion of the supply is sold to investors. These token sales can help to raise funds for the development and promotion of the project. The distribution of Shiba Coin is influenced by both mining activity and the results of token sales.
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